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SharpLink Deploys $170M ETH to Linea Network

SharpLink declared it would begin deploying ETH to Linea back in October.
SharpLink Deploys $170M ETH to Linea Network
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SharpLink Gaming – the number two publicly traded Ethereum Ethereum holding company – has deployed $170M ETH to the Linea Linea L2 via ether.fi ether.fi as part of the $200M treasury strategy announced in October.

What's the Scoop?

  • Search for Returns: SharpLink has deployed $170M ETH as part of its broader $200M crypto treasury strategy, which called for the company to deploy digital asset holdings via ether.fi to EigenCloud to earn ETH staking yield, EigenCloud rewards, and token incentives from Linea/ether.fi.
  • Close Relationship: Consensys – a prolific Ethereum software developer and crypto investment conglomerate behind products like MetaMask MetaMask – is also an investor in SharpLink, ether.fi, and Linea.
  • New Era: In a post a addressing he move, SharpLink CEO Joseph Chalom wrote that, "2026 marks the beginning of Ethereum’s 'productive era' and a major step function in its adoption curve."

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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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